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No, you're missing a few things.
1. They've switched to two dividends per year.
2. In 2023, only some of the shares were eligible to receive dividends. Old Pollen Street shareholders didn't receive full dividends due to the terms of the merger agreement. They are now entitled to full dividends so although the total £ paid out in dividends is higher, the dividend per share is lower because it's spread across more shares
3. The company is buying back shares so the £33M is becoming more dividend per share with each share bought back because repurchased shares aren't entitled to dividends.
No, total assets were $67.6M.
Net assets were $31.89M.
As to why I'm not buying, the answer is because this company destroys ~$5M of cash per year and there's no guarantee the net assets will ever be returned to shareholders.
They can change that with an RNS which could come any day, but will they?
You don't believe the current numbers or you don't believe they will meet their future targets?
Car finance isn't the problem. Why do people keep saying it is?
No news is not good news. Every day this company exists destroys value.
Gtx1, VANQ's current problems aren't due to car loans.
Management may argue they are exceptional.
Do you think the adjustment excludes Financial Ombudsman costs?
Because it is being bought by Pollen's PE funds, not directly by Pollen.
Your shares will stay where they are, in your ISA. There's no need to worry on that front.
When it's known whether the deal will happen or not.
https://www.***************************/dekel-agri-vision-lincoln-moore-discusses-a-very-positive-start-to-the-year-londkl-video/4121142457
I think it's FCA related contagion fears.
I don't think it's warranted. I think any historical exposure to consumer vehicle finance is extremely low and they've never offered low interest loans.
Hopefully we'll see a comment in a Q4 trading update this month.
It's one of the assets in Pollen's PE funds.
Yes, a minimum annual dividend of 51p which is progressive, paid every 6 months.
WORKERS AT ONE OF THE UK'S MAJOR OIL TERMINALS ARE GOING ON STRIKE
~ one of the largest oil terminals in Europe.
UK'S UNITE UNION:
**MEMBERS WORKING FOR WORLEY SERVICES BASED AT SULLOM VOE OIL TERMINAL IN SHETLAND ISLANDS HAVE UNANIMOUSLY BACKED STRIKE ACTION
**AROUND 40 UNITE MEMBERS UNANIMOUSLY SUPPORTED STRIKE ACTION AND ACTION SHORT OF A STRIKE BY 100 PER CENT ON A 95 PER CENT TURNOUT
If you've been holding since before the merger then I'm sorry for your losses.
Have you just been ignoring the company's statements for the last 18 months?
Could they liquidate their interest rate hedges to raise cash?
Well they got a loan at an interest rate of over 20% (SOFR+15%). Aleph put in the new management. They're running this show.